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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: RWS who wrote (18616)	1/19/2003 10:10:55 PM
From: energyplay	Respond to of 23153

One technique that I have found useful is to have multiple stops. I just put in one at about $4.80 for about 1/3 my position. Another at $4.30 (more than 1 dollar down ) for another 1/3. The $4.80 might get hit, the $4.30 unlikely unless something is wrong. As the news, good and bad, comes in, volitality is likely to increase. The other trick is to avoid round numbers, like $5.00, $4.50, etc. Stop order cluster around these numbers, and market participants will sometimes dump a bunch of stock to trigger the selling , then pick up a bunch of stock at maybe $4.95 or $4.90 as the orders hit. For some reason, this seems to occur just before GOOD news comes out... So I try to be at least 10 cents away from obvious numbers, and heavy technical support and resistance levels.